Did you know that not only in Spain but also in Australia there is a place called Malaga? No? Not a problem - as long as your master data knows the difference. Otherwise things might get expensive. After all, correct master data is the basis for smooth and successful business processes. In particular, international companies are confronted with the challenges of Master Data Management and Master Data Governance on a daily basis. Incorrect or inconsistent master data can slow down or even stop business processes. This is not only a financial but also an operational risk, which must be countered in advance with smart concepts and measures. Our Data Asset Services ensure that the management of data in companies is focused on quality and security right from the start.
All around the world, in every enterprise, the enormous volume and diversity of decisions and actions which are informed by analytics and insights derived from Data – are progressively driven by new and evolving Data Asset Management frameworks, data architectures and technology platforms. The massive impact of Data Asset Management is still underestimated. Here are some hard facts about Data Asset Management to think about:
The majority of organizations already gain master data on their suppliers, customers and products, but a considerable number are still struggling with it, creating problems with real business impact. Four challenges related to MDM are:
A deep dive analysis will show us where your data management needs improvement. We will make out gaps of training of users entering master data, lack of communication, duplicated records or discrepancies and differentiate the unique data and process requirements between each business unit. From there, our proven strategy of trainings, cleansings, security strategies as well as data stewardship and different tolls will be established and tested. Step by step your company will create more revenue and save time.
Organizational Structure Role Definition Internal Communication Training
Business Architecture Compliance Data Migration Data Quality Checks
Stewardship Architecture Modeling Quality Management Warehousing
Tools Applications Interfaces Web Services
There is hardly any ERP-related project that does not come with Data Migration activities. Data Migration always demands a detailed plan to ensure a solid and reliable process capable of moving data into a target system without disrupting business continuity, involving clear procedures to mitigate risk and maximize the project success.
Critical Objects & Special Matter Expert Data Owners Delivery Methodology, Quality / Test Plan & Tollgate Measures Data Governance, Security & Privacy Protection Business Improvement & Reporting Opportunities
Extract/Transform/Load & Critical Path Migration Plan Technology Implementation Test Tools and Functional Delivery Validation Special Matter Expert Pre & Post-Load Review
Legacy Data Workarounds / Manual Processing Knowledge Transfer of Target Data Functionality Data Transformation Rules & Test Data Sets Business Reporting Opportunity in Transformed Data
Day-In-Life Testing / Business Champions Early Life Support Business Improvement Realisation Data Governance, Ongoing Maintenance & Enhancements
We will help you identify your individual goals and collaborate with all business units. Our expert mentors can navigate the journey and help you every step of the way. With the appropriate Data Asset Management you pave the way for becoming a high-performing organization.
We support you with mentoring, coaching and supervision, and strive for open and honest communication as well as mutual growth. We flexibly react to specific project requirements and offer tools to increase productivity.
Because companies in transformation processes need experienced mentors who communicate openly and honestly.
Do you have a general question or are you looking for something in particular? Find the right expert for your matter and get in touch with our Fusion experts.
References: Halo Business Intelligence *Title: Economic Value of Information, Source: MIKE2.0 ** International Financial Reporting Standards